Developments in the balance of travel services: December 2016 (Bank of Greece)
(WorldNews Greece)

(Source: Bank of Greece) Balance of travel services Based on provisional data, the balance of travel services showed a surplus of EUR55 million in December 2016, compared with a surplus of EUR5 million in December 2015. More specifically, travel receipts in December 2016 rose to EUR193 million (up 4.7% from EUR184 million in December 2015), whereas travel payments fell by 22.9% (December 2016: EUR139 million, December 2015: EUR180 million). The rise in travel receipts resulted from a 15.6% increase in inbound traveller flows, as average expenditure per trip fell by 9.4%. Net receipts from travel services offset 3.6% of the goods deficit and accounted for 10.0% of total net receipts from services. In...